All Forum Posts by: Hua Lin

welcome to bp

Attorney on writ,I googled.

@Jeremy T. Welcome to bp.Is your rentals are in Grays ferry area?

Great post,good luck man!

hiDan Falcon welcome to BP,this is a great forum.
I am a new member too.
I dont know how you get the 20% COC
Here is my input.
purchase price?113,000
20% down=22,600
gross monthly income=1,000
according to 50% rule
monthly noi=500
P&I=393 per month at the rate of 3.248% 30 years
monthly cash flow=500-393=107
coc return=1,284/22,600=5.68%
cap=6,000/113,000=5.31%
Is the number correct?
Did I miss something?
I am newbie too
hope that would help.!!!

Hi Denis,welcome to BP,this is a great forum.I am a new member too.

Welcome to BP Lisa.I am living in Philly and I am an introVert too.

Welcome to BPDavid Stechmann?I'm also a new membe.There is ton of information available on this forum.This is a great forum.

Welcome to BPPete Amador.With 1250 rent per month,the proper price for the duplex should be 75,000 considering 10% cap rate.
According 50% rule,NOI would be 625 if u rent out the duplex.Annual noi is 625*12=7500.with a 10% cap rate,the price should be 7,5000
Hope that would be help.

Welcome to BP Shawn C
This is a great forum.